Banner Graphic, Greencastle, Putnam County, 18 July 1974 — Page 3
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PUTNAM HERITAGE Greencostle’s Business Companies Grow Over Years, Continues To Progress
Before 1850, the safest place for Greencastle residents to store their money was in an iron strong box kept in the back of a store owned by William Thorn-
burgh, and this service was mostly an accomodation to his friends. There was an attempt at an Exchange bank but it went out of business in, 1867.
In 1863, however, the First National Bank, much later to become the First-Citizens Bank & Trust Co., was established and has occupied its Washington and Indiana St.
location since that time. Greencastle’s second pioneer bank, the Central, opened in 1883 on Indiana Street and later moved to its long-time location on the
JCPemey ^ July white sale
LAST 3 DAYS Save on every sheet. Prints, stripes, solids. All easy care. Sale *1"
Reg. *1.89 to *7.99. Striped and solid sheets in twin, full and queen sizes. Floral prints, too. Plenty of bright colors. All of our sheets are machine-washable for easy care. If you need sheets Penneys is the place to come. And the place to save.
Big savings on everything here during our July White Sale. All sheets, blankets, spreads. All sizes for all size beds.
20% off all regular weight blankets. Sale $ 3 67 io $ 18 40 Reg. *4.59 to *23.00 Save on all regular weight blankets. They come in all styles, all kinds of quality fibers. Plenty of colors to choose from. Some are machine washable, tumble dry, for the most in easy care. Sale prices effective thru Saturday.
Store Hours: 9-5 Mon. thru Thurv 9-8 Fri. 9 5 Sa'
Save 20% on our entire line of bedspreads. Sale $ 6 3, to J 26 40 Reg. *7.99 to *33.00. Substantial savings on bedspreads in many styles. Quilted throw styles with geometric prints ^ or florals. Solid colors, too. Some with match- ' f ing ball fringe. Most are machine washable, , . uuyyyyyuststw'* and never need j ironing. jf
Shop Penney's Catalog 653-3127
corner of Washington and Jackson streets. The Central National Bank is now doing business at One Central Square. One of the bank’s biggest withdrawals was effected in 1933 when John Dillinger and company drove away with about $75,000. The savings and loan, organized in Greencastle in 1911, today is represented by the Greencastle Federal Savings & Loan Association. In the early days of Greencastle, the hotel business was the one to get into. Each side of the square had access to one and others were in various parts of town. One was the Grand Central located where the Junior High gym now stands. The Commercial Hotel, so designated since 1866, had various owners including DePauw University, but was purchased by Mr. and Mrs. Earle Boyd and the late Nelson Parliament. Greencastle became a post office town on March 15, 1824 and the office was moved from one location to another. One of the big changes noted in this service was rural Free Delivery which began on Aug. 15, 1900 and today services five routes. The city’s first utility was a well at the end of Spring Street which furnished an abundance of water. Fie i fire cisterns were filled f n it and the townspeople -irried it to their homes. The well was also the scene of a “blue sky laundromat” as women did their washing there and caught up on the latest happenings. The first municipal waterworks dates back to 1886. In 1888, the Wood Street standpipe was erected and in 1958, a standpipe went up in the city park area. The waterworks was purchased by the city in 1935. The sewage system is a comparably new one having been put into operation in 1916. Forerunner of the present Indiana Gas Company was the Greencastle Gas and Electric Co. which was formed in 1911. An earlier utility, the Greencastle Gas & Coke Co. was formed in 1886 and went bankrupt four years later. The Greencastle Electric Light and Power Co. went into operation in 1886 but lost out to competition. Later companies are now represented in Public Serv ice Co. of Indiana which services the city. Two years after Alexander Graham Bell invented the telephone, two Indiana Asbury University professors, Tingle and DeMotte, put in an exchange of their own in Greencastle. Although there were many subscribers, the system closed in 1887. In 1895, the Phonix Telephone Co. was formed and later sold to Associate Telephone Co. which still later absorbed by General Telephone Co., which presently provides phone service here. One of Greencastle’s earlier communication facilities was a city-owned radio station. Station WXTA broadcast for a time within the city and DePauw’s WORE gives coverage during the school year. Greencastle growth has been spurred by the fact that the city is bounded by three railroads. While the Pennsylvania railroad, now Penn Central, followed generally the National Road, local promoters got the line diverted to cross the south edge of Greencastle. The last spike of this road was driven in 1852 between Greencastle and Fillmore. On June 24, 1854, the last spike of a section of the Monon Railroad from Gosport to Bainbridge was driven near Putnamville. The New York Central, or Big Four, laid its tracks through this area in 1870. The traction line from Terre Haute to Indianapolis was completed through Greencastle in 1907
and there has been airport facilities in the township since 1941. Unique in Greencastle’s transportation picture is the Greencastle Street Railway Co. with cars drawn by horses or mules and passenger service available from the Monon Railroad to the north to the Pennsylvania to the south. Profits became small and the line went out of business in 1895. A story is told of a major mishap on the city-owned line. As the car was being pulled north, the horse died and fell to the track at the corner of Jackson and Franklin streets. Salesmen aboard, who didn’t want to miss train connections, rolled the animal from the track and coasted the car down hill to the Monon. Since 1830, Greencastle newspapers have appeared under some 40 different names. A partial list of these publications includes such names as Hoosier, Western Ploughboy, Greencastle Visitor, Putnam County Chronicle and Putnam County Sentinel. In 1852, the Banner began publication. Through the years the name went from Putnam Banner, to Republican Banner, to Greencastle Banner, to Daily Banner to Banner-Graphic. A Democrat organ was established in 1906. and as the Greencastle Herald was sold to the Daily Banner in 1931. The Putnam County
Graphic was first published in Greencastle about 1939, having previously been called the Cloverdale Graphic and published in that town. The paper was purchased by the Daily Banner and the paper is now published as the BannerGraphic. Greencastle’s fire department was born in a time of crisis. Under pressure the city administration was in
New Albany to investigate the purchase of better fire fighting equipment. While they were gone, fire destroyed 27 business houses two livery stables, 12 dwellings and other structures. The year was 1874 and the loss was $400,000. The following year, a $43,000 fire ravaged the city. Greencastle today is a city of many churches. Those Conti.iued on Page 12
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SALADMASTER OPEN HOUSE
and
COOKING SCHOOL MONDAY, JULY 22nd Community Room - Cloverdale, Ind. OPEN HOUSE 1 to 6 P.M. - COOKING SCHOOL 7 to 9 P.M. Lots of fun and door prizes. Bring friends and neighbors. Public Welcome — No Admission Charge
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Air Conditioner*
11,000-16,000 Only
PHILCO NO FROST 16.6 cu.ft. capacity SIDE-BY-SIDE REFRIGERATOR-FREEZER
Save money, food, time, space with new Cold Guard features Uni-Wall liner locks in cold — no seams or joints to leak cold, easy to clean • Adjustable cantilever shelves • No defrosting in freezer or refrigerator section • Deep-shelf storage doors • Equipped for optional Add-On automatic ice maker • Cabinet only 30" wide • Choice of colors: White, Avocado, Shaded Copper or Gold
*388
SAVE MONEY IN
THE BARGAIN... $410
in electricity over the average
life of a refrigerator
In tests. New Philco Cold Guard refrigerators use electricity less than half the time while maintaining recommended cold conditions. Major competitors use electricity continually. Test data showing savings of nearly Vb (or more) in electricity compared to major competitors is available upon request. Actual savings may be more or less depending on your electric rates, climatic conditions and individ-
ual usage
(RT17B6)
with a working trodo-in
North Sido of Square 17 Wost Franklin Street
Rus-sells
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653-6315 Greencastle, Indiana
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